JPMorgan hires AI expert to help build global trading hub

Wall Street's biggest banks are turning to artificial intelligence to make their giant trading units more efficient

iStockPhoto

By

Samuel Agini

August 17, 2017 Updated: August 18, 2017 6:16 p.m. GMT

JPMorgan has hired a machine-learning expert from its big Wall Street rival Goldman Sachs to work in the unit that monitors the bank's vast trading positions.

According to people familiar with the matter, New York-based Chris Murray joined earlier this summer to help manage JPMorgan's global central risk book — a trading hub that gives the bank a bird's eye view of its inventories and risks.